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19 June 2024 | 4 replies
I have a separate addendum for pets as part of the lease agreement which outlines pet waste pick up requirements and a hold harmless agreement which cover personal and property damages on behalf of the dog and its owners responsibility.
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19 June 2024 | 11 replies
Miami just had the biggest rain event in history without wind damages.
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20 June 2024 | 4 replies
But almost every realtor who does provides a level of service much lower than a PM because they do not:- Properly document the condition of the property before tenants move in, which hurts the owner on the back end when there are damages.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.
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17 June 2024 | 13 replies
It's nerve-racking, but a rush if you can get it done and help the homeowner avoid losing their home at auction.
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18 June 2024 | 0 replies
Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.
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18 June 2024 | 5 replies
I’ve dealt with water issues before including using water damage and remediation companies.
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18 June 2024 | 3 replies
Jack MillerProbably but there is also a significant risk because these borrowers typically do not qualify for conventional financing so the default rate jumps from what is on average 3-5 % to well over 10%.Let’s say you get an extra $10 or $20k, I have seen borrowers do a lot more damage than that to a property as well.
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20 June 2024 | 27 replies
They have straightforward eviction processes, no limits on how high rent can go, and not many rules on money kept for damage or how long someone can rent.
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20 June 2024 | 26 replies
Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.
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18 June 2024 | 12 replies
All damage that has been done to our place has been done by AirBNB guest.